According to news agency WAM, oil and gas giants are calling for greater industry collaboration and an increased focus on operational efficiency, as global energy leaders prepare to gather in the UAE capital for the upcoming Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016) in November.
Established as the world’s most influential exhibition and conference for the oil and gas industry, ADIPEC has a longstanding track record of bringing together globally celebrated luminaries and experts to discuss challenges and opportunities in the energy sector. The annual four-day event will take place from 7th to 10th November 2016, at ADNEC.
The future of the industry depends on its ability to embrace the new energy landscape and drive efficiency, say experts.
Speaking ahead of his participation in the ADIPEC Global Business Leaders’ panel, where global CEOs will be addressing the challenges and opportunities facing the petroleum sector, Patrick Pouyanne, Chairman and CEO of Total, said that industry stakeholders must work in unison towards a common goal of achieving a sustainable energy future.
“The global energy landscape is witnessing rapid change, influenced by economic challenges and efforts to reduce carbon emissions, which can be addressed by the emerging role of natural gas and renewables. All of this makes it crucial that industry players operate more not only more efficiently, but also more firmly, in a spirit of co-operation,” Pouyanne said.
An instrumental role
“Technology, innovation, research – they all play an instrumental role not only in managing this transitional period but also in leveraging the many opportunities that it presents. This is what makes ADIPEC an invaluable event for the oil and gas community because it offers a global platform for stakeholders to collaborate and collectively address not only the following challenges in the energy sector but the longer term picture that is starting to take shape. As CEO of Total, which aims to become the responsible energy major, ADIPEC is an event I would not want to miss,” Pouyanne added.
Speakers for the event
Confirmed senior-level speakers at ADIPEC include Dr. Sultan Ahmed Al Jaber, UAE Minister of State and CEO of the ADNOC Group of Companies, who will be presenting the Opening Ceremony keynote, and a group of industry leaders.
According to BP’s latest Energy Outlook report, fossil fuels will remain the dominant form of energy powering global expansion for the next two decades, supplying around 60 percent of the growth in energy demand, and accounting for almost 80 percent of total energy supplies in 2035. The same report indicates that the fuel mix will witness a significant change, with gas emerging as a primary energy resource.
Redefining business approach
WAM says that developing resilient strategies has become a top priority for industry leaders, who are increasingly looking at redefining their business strategy to continue meeting the growth in demand while adapting to the evolving supply mix.
Jeff Miller, President of Halliburton, said, “Hydrocarbons are, by far, the most affordable and abundant resource available for advancing the progress of human life and playing an integral part in meeting the world’s growing demand for energy. Our industry is fuelled by continued investment in technology and innovation as we make better tools to increase barrels produced and decrease cost.”
Vicki Hollub, President and CEO of the Occidental Petroleum Corporation, said, “ADIPEC is one of the premier oil and gas conferences, bringing energy leaders together from around the world. I am honoured to be participating in this year’s event, and look forward to sharing ideas on how to address the most pressing challenges before our industry.”
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